Oireachtas Joint and Select Committees
Wednesday, 31 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of IBRC: Discussion
12:30 pm
Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source
Thank you, Chairman. Citizens and taxpayers are concerned above all that there be fairness in this process. Last week representatives of NAMA indicated to the committee that two thirds of the agency's clients are co-operating with it. Will the delegates indicate the percentage or portion of IBRC clients who are not co-operating? The NAMA delegates also indicated that 90% of rental income is now directly mandated straight into the agency. Will the delegates comment on that in the context of IBRC's engagement with its clients?
Finally, there is a general view that many people with substantial assets transferred some of them to children, siblings and spouses in the lead-up to the crash. Have the delegates consulted the relevant registration authorities with a view to ascertaining the level of that type of activity? Have they drilled down into the loan books that were historically produced on a quarterly basis? As a former employee of Anglo Irish Bank, I am aware of the level of detail that would have been recorded.
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